Date of Award

Summer 8-11-2012

Degree Type

Dissertation

Degree Name

Doctor of Philosophy (PhD)

Department

Risk Management and Insurance

First Advisor

Glenn W. Harrison

Second Advisor

Ajay Subramanian

Third Advisor

Eric Ulm

Fourth Advisor

James C. Cox

Abstract

I combine theory, experiments and econometrics to undertake the task of disentangling the subtleties and implications of the distinction between risk, uncertainty and ambiguity. One general conclusion is that the elements of this methodological trilogy are not equally advanced. For example, new experimental tools must be developed to adequately test the predictions of theory. My dissertation is an example of this dynamic between theoretical and applied economics.

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